
Jim Cramer Warns of ‘Black Monday’ Market Crash Due to Trump Tariffs
CNBC host Jim Cramer has issued a stark warning about the potential for a 'Black Monday' market crash, attributing the looming threat to the recent tariff policies announced by former President Donald Trump. Cramer's concerns were voiced during a segment on CNBC, where he highlighted the immediate negative impact of these tariffs on the stock market, which saw significant declines following the announcement.
In response to the market's downturn, Cramer also provided investment advice, identifying four stocks that he believes could weather the storm. These recommendations come at a time when investors are scrambling to adjust their portfolios in light of the economic uncertainty caused by the tariffs. Cramer's analysis was further discussed in various financial news outlets, including The Street and Yahoo Finance, where he criticized the tariffs as detrimental to the economy.
The potential for a market crash reminiscent of 'Black Monday' has investors on edge, with many looking to Cramer's insights for guidance on navigating the turbulent financial landscape. As the situation develops, the impact of Trump's tariff policies on the market will continue to be a focal point for investors and financial analysts alike.
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What is Black Monday in the stock market?
According to the official US Federal Reserve (Fed) records, on October 19, 1987, also known as 'Black Monday,' the Dow Jones crashed 22.6 per cent in a single trading session, which remains the largest one-day stock market crash in history.
How do tariffs affect the stock market?
Tariffs are generally not a good thing for the stock market. They increase the cost of goods for consumers, while often reducing the flow of trade. They can also be met with retaliatory tariffs, which can exacerbate the situation.